Saturday, April 21, 2007

Pushing for new development

I bet Manhattan BP Scott Stringer never thought he'd be mentioned on Queens Crap 2 days in a row. Well that makes two of us...

“There should be a registry so that we can do an inventory of the vacant buildings and lots,” said Mr. Stringer, who plans to release a report on the subject today. “And I think we need to impose a financial penalty for holding properties vacant, making it more attractive to sell or develop.”

An unscientific street-by-street survey of Manhattan, conducted recently by Mr. Stringer’s office, hundreds of volunteers and a grass-roots group called Picture the Homeless, found more than 2,000 vacant or partially vacant properties...More than 500 were empty residential buildings and another 500 were empty lots. Nearly three-fourths were above 96th Street. The report suggested the underused space, if developed, could accommodate 24,000 apartments...Mr. Stringer wants the city to use tax policy to encourage development by imposing a sales tax on vacant property not improved during ownership and by ending a tax exemption for vacant land north of 96th Street.

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